Paytm to transfer wallet business to Paytm Payments Bank Ltd

One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank, the licence for which is owned by its founder Vijay Shekhar Sharma, once it receives regulatory approval.






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Verizon buys Yahoo for $4.83 billion

After a months-long bidding process and many layoffs, Yahoo has finally found a buyer. Verizon (which owns AOL, which owns TechCrunch) is officially acquiring Yahoo’s core business for $4.83 billion in cash, which includes Yahoo’s advertising, content, search and mobile activities.











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